Polluting elephant.

A Financial Times essay calls government subsidies for fossil fuels the "polluting elephant in the room" that world leaders are unwilling to discuss even as COP28 gets underway in Dubai.

These subsidies run into trillions after accounting for environmental damage and failure to reach climate goals, dwarfing the climate financing sought by poorer countries.

Amena H. Saiyid

Washington D.C. Correspondent